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A Meta-Analysis of the Relationship between Debt and Growth

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  • Moore, Winston
  • Thomas, Chrystol

Abstract

Can debt be used to finance growth? This question has stimulated a number of research papers, seminars and conferences. To date, however, no clear answer to the question is available. This paper attempts to answer the question using meta-analysis. Meta-analysis allows researchers to combine the results from both published and un-published research to gain insights regarding the directional and statistical significance of the relationship between the two variables. The results from the study should be of interest to policymakers and academics.

Suggested Citation

  • Moore, Winston & Thomas, Chrystol, 2008. "A Meta-Analysis of the Relationship between Debt and Growth," MPRA Paper 21474, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:21474
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    References listed on IDEAS

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    Cited by:

    1. Olugbenga Onafowora & Oluwole Owoye, 2019. "Impact of external debt shocks on economic growth in Nigeria: a SVAR analysis," Economic Change and Restructuring, Springer, vol. 52(2), pages 157-179, May.
    2. Asit Mohanty & Suresh Kumar Patra & Satyendra Kumar & Avipsa Mohanty, 2016. "An Empirical Analysis of Effect of Public Debt on Economic Growth in India in the Post-Reform Era," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 6(11), pages 692-705, November.
    3. Piotr MISZTAL, 2010. "Public Debt And Economic Growth In The European Union," Journal of Applied Economic Sciences, Spiru Haret University, Faculty of Financial Management and Accounting Craiova, vol. 5(3(13)/Fal), pages 292-302.
    4. Irina Bilan & Iulian Ihnatov, 2015. "Public Debt and Economic Growth: A Two-Sided Story," International Journal of Economic Sciences, International Institute of Social and Economic Sciences, vol. 4(2), pages 24-39, June.
    5. M. P. Afanas’ev & N. N. Shash, 2021. "From Surplus to Deficit Fiscal Policy," Studies on Russian Economic Development, Springer, vol. 32(5), pages 476-484, September.
    6. Philipp Heimberger, 2021. "Do Higher Public Debt Levels Reduce Economic Growth?," wiiw Working Papers 211, The Vienna Institute for International Economic Studies, wiiw.
    7. Ogundari, Kolawole, 2014. "The Paradigm of Agricultural Efficiency and its Implication on Food Security in Africa: What Does Meta-analysis Reveal?," World Development, Elsevier, vol. 64(C), pages 690-702.
    8. D'Andrea, Sara, 2022. "A Meta-Analysis on the Debt-Growth Relationship," MPRA Paper 114409, University Library of Munich, Germany.

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    More about this item

    Keywords

    Debt; Economic Growth; Meta-Analysis;
    All these keywords.

    JEL classification:

    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt
    • C1 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General

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